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Faculty of Economic and Management Sciences receives funding from European Union

06 April 2021 | Story Dr Nitha Ramnath | Photo Supplied

Dr Johan Coetzee_web read more — Dr Johan Coetzee, Senior Lecturer and researcher in the Department of Economics and Finance and the UFS Business School

Dr Johan Coetzee from the Faculty of Economic and Management Sciences at the University of the Free State (UFS) is championing a collaboration with the Salzburg University of Applied Sciences (SUAS) in Austria, resulting in the receipt of a considerable grant from the European Union.

In 2020, the decision was made to apply for Erasmus+ funding from the European Commission; after a successful grant, a formal inter-institutional agreement was signed in March 2021. The agreement is the culmination of a relationship between the Department of Economics and Finance at the UFS and the Department of Controlling and Finance at SUAS since 2008. More specifically, the relationship is built on the collaboration between the UFS’s Dr Coetzee and Prof Christine Mitter from the SUAS, who was recently appointed as a Research Fellow in Finance in the department.

“I am extremely proud of the formalisation of the relationship between the two universities. In late 2019, a delegation led by the Dean of Economic and Management Sciences, Prof Hendri Kroukamp, together with Prof Philippe Burger and myself visited Salzburg to formalise and iron out the expectations regarding future collaboration,” says Dr Coetzee.

“The Erasmus+ grant pays testament to not only on-boarding expertise from a foreign university with a strong niche in being practically relevant to the Austrian society, but also to affirming the relationship with like-minded scholars to provide students with a culturally rewarding university experience. This agreement brings together two departments with a history of working well together, and now it is a formal manifestation of years of mutually beneficial teaching and research efforts,” says Dr Coetzee.

“On the back of this agreement,” concludes Dr Coetzee, “our departments are also currently finalising a proposal to offer a consecutive degree exchange programme where prospective postgraduate students will obtain two master’s degrees in the broader field of finance and spend time on both campuses. We look forward to this becoming a reality in the not-too-distant future.”

In addition to their teaching and research collaboration, several additional academics from the Department of Economics and Finance are also involved in the teaching collaboration. Research projects have also been concluded in the past, with future projects in the pipeline.

News Archive

New SADC Groundwater Management Institute will strengthen UFS footprint in Africa

2015-07-30

Prof Danie Vermeulen
Photo: Anja Aucamp

The new SADC Groundwater Management Institute (SADC GMI) will be fully operational in 2016, says Prof Danie Vermeulen, Head of the Institute for Groundwater Studies (IGS) at the University of the Free State.

The SADC GMI will have its offices in the IGS building on the Bloemfontein Campus. The UFS will be responsible for the financial side of the operation. The IGS, SADC member states, and the World Bank are co-operating on this project, which will build sustainable groundwater management across regional borders. Universities in the region tendered for the project, but the proposal by the IGS towered above the rest, Prof Vermeulen says.

The SADC GMI will strengthen the capacity of institutions to establish sustainable groundwater management. It will promote the management and development of groundwater infrastructures, and advance knowledge about national and trans-boundary groundwater. With the establishment of the new institute, research will be conducted, knowledge shared, and capacity built.

Prof Vermeulen says research has shown that groundwater is a primary source of water for more than 70% of the 250 million people in the drought-prone SADC region. The rapid expansion of commercial farming and industry is putting great pressure on water resources; 67% of all water is used in agriculture.

The new institute is an important instrument for the UFS to strengthen its footprint in Africa. “The SADC GMI is about distributing knowledge across the SADC region. It is important for the UFS to extend into Africa. The official collaboration between the UFS, the World Bank, and the SADC countries enables us to reach the goal,” Prof Vermeulen says.

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